Today's Forex And Forex Trading News

Our Featured Forex Currency Trading Article



Quality Forex Education Resources

by Dan Ho

The following is a brief and by no means complete list of sources.

Forex Trading for Maximum Profit: the Best Kept Secret off Wall Street, a book and CD-Rom by Raghee Horner offers forex education for those who are just beginning to learn forex trading trend lines and the differences between major and minor trends. The book also explains the process of placing orders and tries to prepare the reader for the ups and downs of forex trading. The CD-Rom included with the book illustrates trading techniques and the authors successful trading systems. Raghee Horner is referred to as a master teacher of forex education.

The Ultimate Professional Trader Plus CD library is a product by Online Trading Academy which attempts to be the ultimate forex trading education package, with not one, but 24 CDs. This package strives to explain everything from the fundamentals of forex, to advice for those seeking to learn forex trading as a business.

There are numerous websites that offer demo accounts designed to help the individual learn forex trading. One particular site, Hawaii forex, offers not only free demo accounts, but also free 'webinars'. This site also sells a basic forex trading educational package and a 'power course' to learn forex trading indicators.

Another company that will soon offer live forex education on the web is forex Trading USA. This company recommends mentoring as the key to effective forex trading education that will lead to eventual success at trading currencies.

Advanz Forex offers on-line courses designed to 'jump-start,' according to them, successful trading. For those who are in a hurry to learn forex trading, perhaps this is the right educational package. This forex education course is available in English and Spanish.

As with any investment, forex trading can lead to substantial losses. The experts say that the best way to avoid excessive loss is through education and independent professional advice. For anyone attempting to learn forex trading, it would be inadvisable to make that first trade until you have some solid forex education as currency trading is more sophisticated than either equities or options.

Learn more about http://www.forex-trading-reference.com/Forex_education.html at http://www.forex-trading-reference.com

Forex Snippets

learn forex



The gross domestic product,or GDP,is another economic indicator used when looking at the foreign exchange market. The GDP is considered the widest and broadest measure of the economy in a country. The gross domestic product represents the total market value of all goods and services that are normally produced within any given country. This is usually measured in the time frame of a year, and not in weeks or months. Using a larger time period gives good statistics on the products and services that are produced in the country. This indicator is not used alone when forecasting the Forex. The GDP is considered a lagging indicator, meaning that is a measurable factor that changes after the economy has already began to follow a certain trend.

foreign exchange calculator



In order to find a reputable broker or brokerage firm you�ll need to find out what others have thought of the prospective brokers� performance. One of the best ways to do that is to visit a few different financial discussion forums where you can ask questions and find out what others have thought about specific traders.

foreign exchange market



Online forex trading training is convenient because you can choose which topics to study or pay particular attention to. You can decide which time of day or night to study or participate in online discussion of the curriculum.
More info on a great Forex system

Some Forex Currency Trading Stories

New Delhi in lockdown over Olympic torch run

Thu, 17 Apr 2008 10:52:13 EDT

Forex System

Today's Forex News

Featured Forex training Article



How to Value Currency Pairs

By: James Theiss

Typically, in the FOREX market, currencies are traded in pairs. For example, Euro/US Dollar or US Dollar/Japanese Yen. Whenever you trade currencies online, you are then, buying one currency and selling another. Currency pairs are abbreviated. The above pairs would be EUR/USD and USD/JPY. The currency on the left is called the base currency, and the one on the right is the cross currency.

The value of a currency pair is determined by the strength or weakness of the base currency in relation to the cross currency. The base currency value is always 1. That means when you see a quote of 1.4652 for the EUR/USD, its value means 1 Euro will buy 1.4652 dollars. The next day you may see a quote for the EUR/USD of 1.4725. If you listen to the financial news you will hear them say something along the lines of, "the Euro gained strength against the Dollar today", or "the Dollar fell today against the Euro". In pocketbook english, that simply means it takes more dollars today to buy 1 Euro than yesterday.

Let's say you have an online FOREX account and bought the EUR/USD yesterday at the above price of 1.4652 and today you sold, or closed out your trade at 1.4725. That would leave a profit of 73 pips. What the heck is a pip you might ask. Well a pip has two definitions but they both mean the same thing, dollar wise at least: Price Interest Point and Percentage In Point. I have never been able to get a clear difference in the definitions no matter who I have asked, and don't really worry about it anymore because, like I said, they mean the same thing dollar wise.

When you trade currencies online you will have to open an account with a forex dealer. You can open either a standard account or a mini account. In the standard account a pip is worth approximately $10 dollars, and in the mini account it is worth approximately $1 dollar. It used to be the pip was the smallest unit of value in the FOREX market. Today however, many forex dealers quote in tenths of a pip. They have carried out the quote one extra decimal number to give better and more accurate spreads. So the above quote might have read 1.47253, where the 3 is the tenth of a pip. So its value would be either $3 dollars or $.30 cents depending on the type of account you have.

You may have noticed that I said pip values are approximately $1 dollar. That's because each currency pair has its own pip value. The true value is determined by mathematical formulas and the exchange rate of the currency pair. Some pip values are fixed and others fluctuate slightly as one currency rises or falls in value relative to the other currency in the pair.

Currency trades are made in fixed dollar amounts called lots. One lot in a standard account is equal to $1000, which controls $100,000. One lot in the mini account is equal to $100, and controls $10,000. Both standard and mini accounts typically have a 1% margin which allows the FOREX trader 100 to 1 leverage on their investment dollars.

If you trade currencies online, the ultimate goal is to capture as many pips as you can, and not get bogged down in the details of what the exact value of each currency pair is. Unless you are interested in becoming an economist or some such thing, the information presented here is more than enough to let you get on with putting as many pips in your account as possible.

James is a successful online currency trader and also runs the popular website www.todayscurrencytrading.com

Additional Info On Forex Today

forex training



Always leave the forecasting to the pros unless you are playing the Forex as a hobby and don't have a lot of money invested...Or like most people you will learn the hard way.

forex trading systems



Another way that experienced brokers and traders in the Forex use to forecast the trends is called fundamental analysis. This method is used to forecast the future of price movements based on events that have not taken place yet. This can range from political changes, environmental factors and even natural disasters. Important factors and statistics are used to predict how it will affect supply and demand and the rates of the Forex. Most of the time, this method is not a reliable factor on its own, but is used in conjunction with technical analysis to form opinion about the changes in the Forex market.

forex chart



Forex charting is not just a tool but also an insight. The secret of successful trading is to take a step back from the market. Trade with the big picture in mind at all times and don't follow the day-to-day market movements that are temporary in nature. Daily market talk can misguide you and sometimes can hypnotize you if you follow it too deeply. You have to see the forest for the trees. That's why you need charting Software that shows you historical trend data as well as current intraday trend data.
More info on a great Forex system

More Forex training Info

Nokia net rises but misses estimates

Thu, 17 Apr 2008 10:12:37 EDT
Read full story for latest details.

Forex Trade

Headline News About Forex

Our Featured Forex Trading strategies Writer


Win Big Time In The Forex market With This Amazing Forex Strategy System II

How To Take A Loss

Brett N. Steenbarger, Ph.D.

There are quite a few books written on how to make money in the market. Some of them are even written by people who have made money as traders! What you don't see often, however, are books or articles written on how to lose money. �Cut your losers and let your winners run� is commonsensical advice, but how do you determine when a position is a loser? Interestingly, most traders I have seen don't formulate an answer to this question when they put on a position. They focus on the entry, but then don't have a clear sense of exit�especially if that exit is going to put them into the red.

One of the real culprits, I have to believe, is in the difficulty traders have in separating the reality of a losing trade from the psychological sense of feeling like a loser. At some level, many traders equate losing with being a loser. This frustrates them, depresses them, makes them anxious�in short, it interferes with their future decision-making, because their P & L is a blank check written against their self-esteem. Once a trader is self-focused and not market focused, distortions in decision-making are inevitable.

A particularly valuable section of the classic book Reminiscences of a Stock Operator describes Livermore 's approach to buying stock. He would sell a quantity and see how the stock responded. Then he would do that again and again, testing the underlying demand for the issue. When his sales could not push the market down, then he would move aggressively to the buy side and make his money.

What I loved about this methodology is that Livermore's losses were part of a grander plan. He wasn't just losing money; he was paying for information. If my maximum position size is ten contracts in the ES and I buy the highs of a range with a one-lot, expecting a breakout, I am testing the waters. While I am not potentially moving the market in the way that Livermore might have, I still have begun a test of my breakout hypothesis. I then watch carefully. How are the other averages behaving at the top ends of their range? How is the market absorbing the activity of sellers? Like any good scientist, I am gathering data to determine whether or not my hypothesis is supported.

Suppose the breakout does not materialize and the initial move above the range falls back into the range on some increased selling pressure. I take the loss on my one-lot, but then what happens from there?

The unsuccessful trader will respond with frustration: �Why do I always get caught buying the highs? I can't believe �they� ran the market against me! This market is impossible to trade.� Because of that frustration�and the associated self-focus�the unsuccessful trader does not take any information away from that trade.

In the Livermore mode, however, the successful trader will see the losing one-lot as part of a greater plan. Had the market broken nicely to the upside, he would have scaled into the long trade and likely made money. If the one-lot was a loser, he paid for the information that this is, at the very least, a range-bound market, and he might try to find a spot to reverse and go short in order to capitalize on a return to the bottom end of that range.

Look at it this way: If you put on a high probability trade and the trade fails to make you money, you have just paid for an important piece of information: The market is not behaving as it normally, historically does. If a robust piece of economic news that normally sends the dollar screaming higher fails to budge the currency and thwarts your purchase, you have just acquired a useful bit of information: There is an underlying lack of demand for dollars. That information might hold far more profit potential than the money lost in the initial trade.

I recently received a copy of an article from Futures Magazine on the retired trader Everett Klipp, who was dubbed the �Babe Ruth of the CBOT�. Klipp distinguished himself not only by his fifty-year track record of trading success on the floor, but also by his mentorship of over 100 traders. Speaking of his system of short-term trading, Klipp observed, �You have to love to lose money and hate to make money to be successful�It's against human nature what I teach and practice. You have to overcome your humanness.�

Klipp's system was quick to take profits (hence the idea of hating to make money), but even quicker to take losses (loving to lose money). Instead of viewing losses as a threat, Klipp treated them as an essential part of trading. Taking a small loss reinforces a trader's sense of discipline and control, he believed. Losses are not failures.

So here's a question I propose to all those who enter a high-probability trade: �What will tell me that my trade is wrong, and how could I use that information to subsequently profit?� If you're trading well, there are no losing trades: only trades that make money and trades that give you the information to make money later.

www.brettsteenbarger.com

Some Quick Forex Information

forex capital markets



Another reliable economic indicator in the foreign exchange market is the industrial production report. This report shows the fluctuation in productions in industries such as factories, and utilities. The report looks at actual production in relation to what the production capacity potential is over a period of time. When a country is producing at a maximum capacity it positively affects the Forex and is considered ideal conditions for traders.
More info on Forex software

gft forex



What about Forecasting: Predicting current and future market trends using existing data and facts. Analysts rely on technical and fundamental statistics to predict the directions of the economy, stock market and individual securities.
Check out the first commercially available Stock Trading Robot Which Earns $346.77 Per Week

foreign exchange program



Good morning. EUR/USD, EUR/GBP, EUR/JPY and GBP/CHF all have correlation to a certain degree affecting each other. It simply shows how the money moves around in these pairs. For daily candle studies, it is more accurate to read them all to see where the flow is going, and same for 4 hourly or hourly or even 10 minute charts. In fact, GBP/CHF and EUR/GBP in many cases move a day or two before EUR/USD. Even by watching GBP/CHF and EUR/GBP charts, short term or long-term as above, you can manage to move in front of EUR/USD moves in many cases. Same goes for GBP/JPY and EUR/JPY charts for USD/JPY moves. More study on these pairs moves will reveal some more interesting things too. Good trades.
More info on a great Forex system

Forex Trading strategies Galore

UBS stock dividend shrinks

Wed, 16 Apr 2008 07:12:16 EDT
Read full story for latest details.

How To Trade Forex | Forex